The Journal seeks to become the most reliable, first-choice Pan-Nigerian information and public knowledge platform. The Journal Nigeria is a serious Journalism from an African Worldview
The Journal seeks to become the most reliable, first-choice Pan-Nigerian information and public knowledge platform. The Journal Nigeria is a serious Journalism from an African Worldview
Loans from commercial lenders to Nigerian factory operators plummeted by 26.8 per cent to 5.19 trillion naira during the first half of 2026. The latest quarterly bulletin from the Central Bank of Nigeria reveals that commercial financiers pulled nearly two trillion naira out of industrial shop floors in twelve months. Tight money starves local manufacturing….
The Manufacturers Association of Nigeria warned on Thursday, 8 October 2026, that the nation’s industrial engine faces imminent collapse despite cheerful headline output figures from official statistical bureaus in Abuja. Association director-general Segun Ajayi-Kadir cautioned that nominal national economic expansion of 4.43 per cent merely masks a catastrophic decline across real factories, where industrial sector…
Nigeria has launched an inter-ministerial panel in Abuja to rewrite the country’s Value Added Tax rules within six weeks. Finance Minister Taiwo Oyedele set the deadline during the committee’s formal inauguration, demanding a framework that settles persistent disputes over exemptions. The assignment compels officials to draft a new 2026 VAT Modification Order before the fiscal…
Nigerian manufacturers entered the second quarter of 2026 carrying a massive mountain of unsold inventory valued at 1.77 trillion naira. Financial data from companies listed on the Nigerian Exchange Limited showed a 10.6 per cent climb in stockpiles compared to the 1.597 trillion naira recorded in the opening quarter of 2025. Over that same period,…
Nigeria’s headline economic expansion of 4.43 per cent in the second quarter of 2026 masks a severe collapse across the real industrial economy, the Manufacturers Association of Nigeria warned on Friday, 4 September 2026. Segun Ajayi-Kadir, director-general of the industrial lobby, cautioned that celebratory official statements hide deep structural rot inside domestic factories. Services now…
Nigerian commercial banks pushed N83.43 trillion into private enterprise balances by the end of July 2026, setting a fresh credit record despite punishing interest rates. Fresh numbers from the Central Bank of Nigeria show that total private credit swelled by N2.84 trillion across the three months from April. The expansion marks a 3.52 per cent…
Former Vice President Atiku Abubakar has launched a blistering critique of President Bola Tinubu’s economic claims, insisting official statistics conceal widespread hardship. In a statement issued by his media aide Phrank Shaibu, the opposition leader argued that the macroeconomic recovery narrative collapses in the face of shuttered factories and hollowed-out family budgets. Polished charts do…
Fresh monetary data from the Central Bank of Nigeria has put credit to the private sector at N83.3 trillion in June 2026, a 2.8 per cent rise from the N81 trillion recorded in May, offering the clearest sign yet that bank lending to businesses and households is recovering after a punishing first half of…
Nigeria’s manufacturing sector has issued a grim warning regarding persistent domestic price pressures. The Manufacturers Association of Nigeria stated on Friday that food and core inflation will not ease without fundamental structural reforms. Association Director-General Segun Ajayi-Kadir warned that high energy tariffs, foreign exchange scarcity, and extortionate interest rates continue to cripple production. Factory owners…
Nigerian manufacturers spent N1.34 trillion on alternative energy sources in 2025 to keep their factories running. This expenditure represents a 71.4 percent surge from the N781.68 billion recorded in 2023. The Manufacturers Association of Nigeria disclosed these figures in a comprehensive evaluation of recent state reforms. The data shows that the industrial sector is paying…